Three of the films have earned prizes elsewhere, including Shower, which won the best director and best film awards at the 2000 Seattle Film Festival.
Organizers said the festival will be held every two years and they plan to bring it to other parts of Asia as well.
Productions from Bhutan, Canada, China, Germany, the Netherlands and the US will be featured in Singapore.
Former heavyweight champion Mike Tyson will be the subject of a no-holds-barred documentary chronicling his wild life and times, it was reported on Tuesday.
Tyson, who became the youngest heavyweight champion when he won the title aged 20 years and four months in 1986, has co-operated by submitting to more than 30 hours of interviews for the project.
The film, titled Tyson, will be directed by James Toback, who has known the fighter since 1985.
Toback said the film, due out later this year, would give an honest account of Tyson's life and would not seek to gloss over incidents such as his rape conviction or the ear-biting of rival Evander Holyfield in 1997.
"The point is not to polish his image or make a cinematic apology, but rather to get a firsthand look at a very complex and epic story," Toback said.
"He was honest about all the things that have highlighted his life, from the bitter divorce, the ear-biting, prison, to his becoming a sex addict.
"He is self-aware, smart and a totally fractured personality, and he made himself completely vulnerable."
Tyson was quoted by the magazine as saying that he was "humbled" by the opportunity to be involved in the film.
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